tax on pension

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26 Sep 2018 11:54 by gsinspain Star rating. 1 posts Send private message

I am tax resident in Spain.  I have cashed in my pension pot, about 60000€ but left it in UK bank.  I will have to declare it on my annual assets abroad form, as I already did, but will I have tp pay tax on it?  If so how much?

Thanks for any advice.





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27 Sep 2018 14:46 by johnzx Star rating in Spain. 5058 posts Send private message

Being tax resident, except for a crown pension ( military, police, etc) which although not taxable is ‘taken into consideration’ and rental income,  you need to make a tax declaration in spain and pay tax on your worldwide income  

With the double taxation agreement 2013, you will be exempt from tax in U.K.

 

 


This message was last edited by johnzx on 28/09/2018.

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